Heather Hasson of FIGS, Inc. (FIGS) sells shares after 1.2M option exercise
Rhea-AI Filing Summary
FIGS, Inc. Executive Chair Heather L. Hasson reported option exercises, tax share withholdings, and an open‑market sale of Class A common stock. On March 2, 2026 she exercised stock options for a total of 1,213,336 shares at exercise prices of $0.85 and $1.37 per share, and shares underlying these options were fully vested.
In connection with these exercises, 657,009 shares were withheld by the company to cover exercise prices and required taxes, which the footnotes state does not represent a sale by her. On March 3, 2026 she then completed an open‑market sale of 556,327 Class A shares at a weighted average price of $16.8522 per share, across trades between $16.31 and $17.19.
After these transactions, she directly held 1,251,967 Class A shares and also reported indirect holdings of Class A shares through the Heather Hasson Revocable Trust and Hollywood Capital Partners LLC, as well as substantial additional economic interests through RSUs, Class B shares convertible into Class A, and vested options.
Positive
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Negative
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Insights
FIGS chair exercises 1.2M options and nets a sizable stock sale.
The filing shows Heather L. Hasson exercising stock options for 1,213,336 FIGS Class A shares at low strike prices of $0.85 and $1.37. This converts previously granted equity awards into actual shares and reflects the full vesting of the underlying options.
To cover exercise costs and tax liabilities, 657,009 shares were withheld by the issuer, explicitly described as not a sale by her. Separately, she executed an open‑market sale of 556,327 Class A shares at a weighted average of $16.8522 per share, indicating a net reduction of directly held shares.
Post‑transaction, she still holds 1,251,967 Class A shares directly plus additional indirect and derivative interests, including RSUs, convertible Class B shares, and vested options. The overall economic stake remains large, so the net‑sell activity is meaningful for governance watchers but, on its own, does not clearly change the broader investment thesis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 556,327 | $16.8522 | $9.38M |
| Exercise | Stock Option (Right to Buy) | 313,336 | $0.85 | $266K |
| Exercise | Stock Option (Right to Buy) | 900,000 | $1.37 | $1.23M |
| Exercise | Class A Common Stock | 313,336 | $0.85 | $266K |
| Exercise | Class A Common Stock | 900,000 | $1.37 | $1.23M |
| Tax Withholding | Class A Common Stock | 657,009 | $17.12 | $11.25M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares that have been withheld by the Issuer upon the net exercise of stock options and used to pay the exercise prices and required tax withholdings. Does not represent a sale by the Reporting Person. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.31 to $17.19 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. 829,385 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. In addition to the securities reported in this column, the Reporting Person beneficially owns 2,814,480 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts, which are convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and 10,775,812 shares of the Issuer's Class A Common Stock underlying vested options. The Reporting Person is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein. All shares underlying this option have vested.
